Here's the day trade setup I did long on ES from my custom Renko
workspace, my favorite long (or short) setup is when the MA ribbon
first flips, in this case it went from bearish to bullish, it's on
that first pinch where you typically get the best trades.
think of it sort of like a B wave or wave 2 pullback
basically.
when the MA ribbon flips,
generally the first two pinchesare your best trades,
3rd and 4th pinchescarry higher risk
also for those of you who don't have Tradestation or those renko
charts before you scoff or discount this, remember the same logic
applies with any standard candlestick chart with the MA ribbon I
show all the time
when the MA ribbon flips,
generally the first two pinches are your best trades,
3rd and 4th pinchescarry higher risk - the same logic
applies to any chart basically
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Day trade setup on ES
Posted by matt on 15th of Mar 2019 at 11:33 am
Here's the day trade setup I did long on ES from my custom Renko workspace, my favorite long (or short) setup is when the MA ribbon first flips, in this case it went from bearish to bullish, it's on that first pinch where you typically get the best trades. think of it sort of like a B wave or wave 2 pullback basically.
when the MA ribbon flips, generally the first two pinchesare your best trades, 3rd and 4th pinchescarry higher risk
also for those of you
Posted by matt on 15th of Mar 2019 at 11:38 am
also for those of you who don't have Tradestation or those renko charts before you scoff or discount this, remember the same logic applies with any standard candlestick chart with the MA ribbon I show all the time
when the MA ribbon flips, generally the first two pinches are your best trades, 3rd and 4th pinchescarry higher risk - the same logic applies to any chart basically